Colladium is on a mission to help Australians manage their retirement savings with the launch of SMSF Gateway. This news comes at a critical time when so many other similar services are closing their doors and thousands of people need a new way to send their super info off to the Government.
Key Highlights
- A new SMSF Gateway to track retirement money created by Colladium
- This launch comes amid a handful of other service providers closing up shop.
- The service aims to be fast, safe and easy for everyday people to use.
- Colladium is an Australian-based company with over 30 years of experience managing business data.
Colladium launches SMSF gateway in service shutdown
Colladium has stepped up to assist the self-managed superannuation of Australians by launching a new “SMSF Gateway.” When running your own super fund, you must use a digital service to log money in and out for the tax office in Australia. Because a handful of the largest companies that used to offer this service are shutting down, many are worried they have no way of reporting their data. The new service from Colladium addresses this issue by providing them a trusted, new home.
This launch matters, as this keeps the super system flowing. This marks a legal dead end, as without the gateway, recipients cannot receive money from their employers into their self-managed funds. By rolling this out now Colladium ensures thousands of Australians aren’t left with paperwork problems or late payments because their old provider has stopped working.
The Need for this Service & Why Now
For decades, only a couple of companies dealt with these digital super messages. Recently, a few of those companies determined that it was too complex or costly to continue so they informed their customers they were bowing out. This created a gap in the market as people had nowhere to turn. Colladium recognised this gap and created a system designed to be both strong and open for the long haul.
For most people, this shift is taking place largely behind the scenes. You don’t see the messages sent, yet they’re critical for ensuring that your employer is paying super correctly and that the tax office knows about it.
Easy and Secure for All Users
Security is one of the main concerns about retirement money. Calladium has developed this tool which is designed to a very high level of security to ensure that hackers will not be able to view or steal your personal information. And since the company already manages millions of business documents for other large-scale stores and brands in Australia, they can be trusted to keep your private data locked away.
They’ve made the system incredibly easy to use, too. You don’t have to be a computer expert to get up and running. The point is to render the technology invisible, allowing you to focus on growing your savings rather than fretting over digital missteps or inscrutable software.
FAQs
- What is an SMSF Gateway?
It’s a digital service that wires your superannuation data to the tax office so all stays above board.
- Why do I need a new one?
A lot of the older businesses that offered this service are going out of business, so you need to transfer to a brand new supplier.
- Are my funds going through Colladium?
No, Colladium only transfers the data related to your funds. Your real savings remain in your bank account.
- Is it hard to switch?
No, Colladium has streamlined this to be super fast so you can get back to managing your fund.
- Who is Colladium?
They are an Australian tech company that has spent three decades enabling businesses to share data securely.
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